DeveloperAuction, a US-based recruitment website for information technology engineers backed by search engine Google’s corporate venturing unit, has raised $2.7m in its series A round at what news provider Fortune said was a $12m pre-money valuation.
Alongside Google Ventures in the A round were venture capital firms New Enterprise Associates, Sierra Ventures, Crosslink Capital, SoftTech VC and Step Partners.
Developers sign up on the site, and each month DeveloperAuction picks the top 150 candidates who are actively seeking new opportunities. A two-week auction is conducted where venture-backed companies submit interview requests to candidates, along with information about the company and culture, founding team, and high-level compensation information like base salary and signing bonus. Engineers choose the companies they want to interview with, and if there is a fit, a formal offer is extended.
To date, $225m in job offers has passed through the DeveloperAuction marketplace.
DeveloperAuction was founded by Matt Mickiewicz, who previously founded 99designs; Douglas Feirstein, who previously founded LiveOps; and serial entrepreneur Allan Grant.